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UK Q1 GDP better than forecast- GBP/USD yet to break fresh ground on the day

That whole raft of UK economic data has just hit the screens. The upshot of all that lot is slightly better on some and not so hot on others. The Q1 GDP was above consensus, at +0.7%. That compared to a prior rise of just 0.1%. The markets were expecting a rise of 0.6%. The monthly reading was higher too, rising by 0.2%. The March industrial and manufacturing data was not so hot though. Nevertheless, the Pound has reacted slightly to the positive GDP news, but at this stage we are talking baby steps here. That said it has not broken any fresh ground on the topside in terms of the range seen so far today (1.3259- 1.3287). The GBP/USD is right now at 1.3275

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